Fuel Fix

Senate Majority Leader Harry Reid, D-Nev.

Reid says measure coming “soon” on axing oil, gas tax breaks

Senate Majority Leader Harry Reid, D-Nev., says the Senate soon will consider a measure on repealing oil and gas industry tax breaks, a priority of President Obama’s.  More »

Exxon Valdez to be junked years after giant oil leak

Now called the Oriental Nicety, the vessel was sold for about $16 million.  More »
(Image: Fotolia)

Oil drops on Saudi supply promise

Benchmark U.S. crude fell $2.48 to $105.61 per barrel.  More »
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(Lisa Poole / AP2009)

Report: Phillips 66 to build new headquarters inside Beltway 8

The independent refiner set to spin off from ConocoPhillips this year will build a new office within the Sam Houston Parkway, according to a local real estate blog.  More »
A security guard blocks a shot of the bankruopt Solyndra in a public area, in Fremont, Calif., Friday, Sept. 16, 2011. (AP Photo/Paul Sakuma)

Mismanaged energy loans too solar-focused, Republicans say

The U.S. Energy Department mismanaged stimulus programs, putting taxpayer dollars at risk, according to two Republican reports released at a hearing where lawmakers debated who is responsible for rising gasoline prices.  More »
Prices for three grades of gasoline are posted in front of a service station Wednesday, Feb. 22, 2012, in Bellevue, Wash., near Seattle. (AP Photo/Elaine Thompson)

Industry group: Obama should help lower gas prices

President Barack Obama could lower gas prices by opening up more federal land and offshore areas for oil drilling, American Petroleum Institute President Jack Gerard said today.  More »
BLM Director Bob Abbey addresses the audience. (Photo: Grand Canyon NPS)

Feds: Fracking rules in April; no decision on onshore royalties

The Interior Department has not made any final decision on raising the royalty rate for oil-and-gas production on federal lands, Bureau of Land Management Director Bob Abbey said Tuesday. Abbey also said his agency hoped to unveil its impending rules for hydraulic fracturing on federal lands in April.  More »
Enterprise Products Mont Belvieu complex (Dave Rossman/For the Houston Chronicle)

Enterprise to add new fractionating capacity at Mont Belvieu complex

Enterprise Products Partners will add the seventh and eighth liquid natural gas fractionators at its Mont Belvieu complex, bringing the capacity there to 610,000 barrels per day.  More »
A Chevrolet Volt undergoes a quality inspection on the production line at a General Motors assembly plant in Michigan on Nov. 30, 2010. (AP file photo/Paul Sancya)

Electric car supporters fight back against GOP attacks

After a year’s success in casting bankrupt solar maker Solyndra as the prototype for President Obama’s energy policies, Republicans now are targeting what they have dubbed “Obamacars.”  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

UAE to build LNG terminal that bypasses key strait

An energy company in the United Arab Emirates said Tuesday it is developing a terminal to receive liquefied natural gas supplies on the country’s eastern coast, bypassing the strategically sensitive Strait of Hormuz.  More »
(Photo: Brian Turner/Flickr)

Steffy: Judge calls for `minimum of sealed records’ in BP Atlantis case

While the ongoing settlement issues involving BP and business owners hurt by the Deepwater Horizon spill still dominate the news, a judge in another BP legal battle has thwarted the company’s attempt to keep much of the evidence in that case hidden.  More »

Judge wants ‘minimum of sealed records’ in BP platform case

Parties to a lawsuit over the safety of BP’s Atlantis production platform in the Gulf of Mexico should re-file key documents with an eye toward making them public, a federal judge said.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Fracking wells’ air emissions pose health risks, study finds

Chemicals released into the air when natural gas is produced by hydraulic fracturing may pose a health risk to those living nearby, the Colorado School of Public Health said.  More »
President Obama, center, is given a tour of Solyndra by Executive Vice President Ben Bierman, right, as Chief Executive Officer Chris Gronet, left, walks along at Solyndra Inc. in Fremont, Calif. FBI spokesman Peter Lee says agents executed multiple search warrants on Thursday morning as part of an investigation with the Department of Energy's Office of Inspector General. (AP Photo/Paul Chinn, Pool, File)

Republicans expand complaints of energy loans beyond Solyndra

House Republicans will open a new line of attack against President Barack Obama’s energy loan program by focusing on two solar projects that won about $1.6 billion in U.S. backing.  More »
A Mountain Ridge Drilling rig of Daugherty Petroleum -- which works 24 hours a day, seven days a week -- is pictured 26 October 2005 in the Appalachian Mountains of eastern Kentucky.  Most of the 900 or so wells drilled in Kentucky this year won't produce more than a barrel or two of oil a day, but with prices topping USD 60 a barrel, those little wells are pulling in big profits, especially when they also pump natural gas.   AFP PHOTO/JEFF HAYNES  (Photo: JEFF HAYNES/AFP/Getty Images)

Natural gas to boost U.S. trade, Lombard Odier says

The U.S. current account, the broadest measure of trade, will be in surplus within 10 years as the country produces more natural gas and crude oil, according to Lombard Odier Darier Hentsch & Cie.  More »